Off-Grid Private Island—and Little Penguin Breeding Ground—Selling in Tasmania, Australia
Sheltered in an estuary in the state’s southeast, Ram Island and its modern main house recently got a significant price cut. Read More
BY THE NUMBERS
| CONTENT FROM: Montage Cay |
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An Effortless Oasis
Welcome to Montage Cay: resort living, designed to fit your lifestyle on a 53-acre private island in the Abacos, Bahamas. Enjoy the signature services and amenities of Montage, including a deep-water marina, Spa Montage, unique dining experiences, water sports and personalized recreation. A limited collection of fully-serviced oceanfront Residences available for sale. Priced from $8.1 Million
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TRENDING TODAY
LISTING OF THE DAY
It’s Waldorf Astoria Living—but in the Costa Rican Rainforest
The five-bedroom house, perched on a cliff on the Punta Cacique peninsula, is part of a branded development in Guanacaste. Read More
SMART HOMES
Best Black Friday Smart Home Deals for 2023
Peltons, video doorbells, a Wi-Fi-enabled oven are among the top high-tech items on sale this year. Read More
NEWS BITES
The Phoenix Market Is Expected to Have a Big 2024
Metro Phoenix is expected to be one of the hottest U.S. real estate markets in 2024, according to a national survey. The Phoenix area ranked No. 2 on a list of the top U.S. areas to watch for growth, commercial real estate development and investment next year, according to Urban Land Institute’s Emerging Trends report. Nashville topped the list, with Dallas coming in third, based on responses from 2,000 real estate experts. AZCentral
Anita Baker Lists Michigan Home for $1.85 Million
Soul and R&B singer Anita Baker has listed her home in Grosse Pointe, Michigan, for $1.85 million The stately brick house has four bedrooms, three bathrooms, and a half-bath, all spread across more than 7,300 square feet. But it’s the location that makes this pad so primo: 120 feet of water frontage and views of Lake St. Clair. A new owner could opt to tear down the current structure and put up a new building. Realtor.com
Climate Change Could Cause €325 Billion Loss to Dutch Housing Market
The Dutch housing market could lose up to €325 billion (US$355.6 million) in value as climate change increases the risk of flooding and foundation, according to real estate research group Calcasa. Rising sea levels, heavy rainfall and full rivers that cause flooding could affect 3.7 million homes, especially in the central parts of the country and the Wadden Islands. For homes that do need repairs due to flooding and foundation damage, it could cost an average or €100,000 per property. DutchNews
The Biggest Developer in Hong Kong Is Pricing Homes at a Six-Year Low Price
As high interest rates continue to trouble Hong Kong’s housing market, developers have been pressured to lower prices, and the city’s biggest developer, Sun Hung Kai Properties, has just set a new low. The first batch of units in its Yoho West development has an average price of HK$10,888 (US$1,396) per square foot—a six-year low for new homes. Despite the government’s recent measure to ease property taxes, new developments are still suffering in terms of sales—major sales launches in the two weeks following this announcement recorded an average first-day sell-through rate of 24.6%, a significant drop from the third quarter’s average of 73.9%. The Straits Times
AROUND NEWS CORP
Bel-Air or Hawaii? A Late Record Exec’s Collection of Homes Comes to Market [The Wall Street Journal]
The Unexpected Cost of Downsizing Your Home [The Times of London]
Big Cities Are Back: The Surprising Return of NYC Real Estate—and Why San Francisco Is Still Struggling [Realtor.com]
Six-Figure Income to Comfortably Reach Australian Dream [news.com.au]
